As a specific part of the "Pudong New Area Comprehensive Reform Pilot Implementation Plan", the "Implementation of the Global Asset Management Partnership Program" has ushered in new progress. Lujiazui Financial City yesterday released the case of the Global Asset Management Partnership Program, and five new global asset management institutions, including Kuanli Capital, Schroder Capital, and Huabao** Alternative Subsidiaries, signed on-site contracts, and the construction of the core functional area of the global asset management center continued to accelerate.
Functional agglomeration to build and improve the financial service ecosystem.
At present, the Lujiazui Global Asset Management Partnership Program has made important progress in functional agglomeration, ecological construction, and exchanges and cooperation.
According to the latest data, a series of landmark achievements in the expansion and opening up of the financial industry have been implemented in Lujiazui, including JPMorgan Chase, the country's first wholly foreign-owned ** company, the first batch of Sino-foreign joint venture bank wealth management companies BlackRock CCB, BNP Barba Agricultural Bank, etc., and the first batch of wholly foreign-owned public offerings**BlackRock, Neuberger Berman, Fidelity, Schroders, etc.; A total of 27 asset management institutions have obtained PFM (China Private Equity Investment Manager) qualifications, and 44 have participated in the QDLP (Qualified Domestic Limited Partner) pilot.
Kuanli Capital, which has a global asset management scale of about 8 billion US dollars, signed a contract to join the Lujiazui Global Asset Management Partner Program, and set up a wholly foreign-owned enterprise here, planning to complete the registration and filing of private equity managers this year and carry out fundraising and investment management business in China.
We understand that there is a strong and growing demand for a management strategy (CTA) in China, so we want to develop a series of differentiated products for the domestic market and increase investment in China. Li You, chief compliance officer of Kuanli Capital China, revealed that the company has completed office leasing and decoration in Lujiazui, and the investment research, compliance, business development, operation and transaction teams are basically in place, "In the future, we will further expand the scale of personnel according to business development." ”
On the basis of becoming an important domestic gathering place and business development place for global asset management institutions, Lujiazui Financial City will continue to make efforts to optimize the business environment. Xiao Jian, director of the Lujiazui Administration, told reporters that this year will be in-depth implementation of 24 measures to optimize the business environment of the eight systems, from the aspects of organization, openness, innovation, function, platform, space, talent, security, etc., to build a sound financial service ecology, build a convenient exchange platform, promote cross-field international cooperation, and provide all-round support for the development of the industry.
Aiming at openness, we will study the evaluation standards of international asset management investment.
The "Pudong New Area Comprehensive Reform Pilot Implementation Plan" clearly proposes to promote the two-way opening of the financial sector and explore the implementation path of capital account convertibility. This is also a key breakthrough point in the construction of the core functional area of Lujiazui as a global asset management center.
We hope to give full play to the effect of system integration and provide more support for institutions to expand their business and develop the industry with high quality. Xiao Jian revealed that aiming at the important directions of financial two-way opening in Pudong's comprehensive reform plan and promoting financial support for scientific and technological innovation, as well as further deepening the QFLP (qualified foreign limited partner) pilot and promoting the development of S** mentioned in the "Several Measures to Further Promote the High-quality Development of Shanghai's Equity Investment Industry", the Lujiazui Administration is currently taking the lead in studying and formulating a number of regulations for Shanghai to promote the construction of an asset management center in Pudong New Area, and will also promote the study of Lujiazui International Asset Management Investment Evaluation Standards.
Including Lujiazui Financial City, Shanghai has a lot of practice in promoting financial opening-up, attracting international financial institutions to settle down, and attracting global investors. For the advancement of the international financial center, Yan Hong, professor of finance and academic vice president of the Shanghai Advanced Institute of Finance of Shanghai Jiao Tong University, suggested that the next step can be to make full use of the special status of the Shanghai Free Trade Zone and the Lingang New Area, adopt the world's advanced financial business model and regulatory system, and carry out offshore financial business, "The development of offshore financial business and the participation of international financial institutions can not only enhance the status of Shanghai as an international financial center, but also promote the reform of the onshore financial market." ”
Author: Tang Weijie.
Text: Reporter Tang Weijie Photo: Visual China Editor: Shi Wei.
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